• A trading order for less than 100 shares of stock. Compare round lot.
• Less than a round lot (100 shares).
• An amount of a Security that is less than the normal unit of trading for that security. Generally, an odd lot is fewer than 100 shares of stock or five bonds.
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The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts. - Bertrand Russell
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